IMF Cancels Debt Payments For Poorest Countries As Yellen Calls For Boosted Covid Relief – Forbes

Topline The International Monetary Fund announced Monday it would not ask 28 of the worlds poorest countries to make debt payments through October, extending its relief period as Treasury Secretary Janet Yellen said she’s worried 150 million people could be pushed into extreme poverty because of the Covid-19 pandemic. Treasury Secretary Janet Yellen listens during…

IMF Executive Board Extends Debt Service Relief for 28 Eligible Low-Income Countries through – Mirage News

Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved on April 1, 2021 a third tranche of grants for debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT). This approval follows two prior tranches approved on April 13, 2020 and October 2, 2020, respectively (see Press…

Will Biden cancel student loan debt? As college costs spiral, here’s what he’s considering – USA TODAY

WASHINGTON The Biden administration entered the White House with an eye toward relieving the strain of student loan debt, particularly amid the added financial burden of the coronavirus pandemic. On day one in office, President Joe Biden signed an executive order extending a pause student federal loan payments enacted by the previous administration as part…

US Department of Education Provides Debt Relief for 45 HBCUs – Diverse: Issues in Higher Education

Dr. Miguel Cardona To support institutional advancement, the United States Department of Education issued $1.6 billion in debt relief for 45 historically Black colleges and universities (HBCUs). Funding was provided under the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) passed in December 2020. Chosen schools are participants of the HBCU Capital Financing Program, which…

Pre-pandemic data show 1 in 8 countries spends more on debt than on education, health and social protection combined UNICEF – UNICEF

FLORENCE/NEW YORK, 1 April 2021 Around 1 in 8 countries globally spends more on debt than on social services, according to a UNICEF report released today. COVID-19 and the Looming Debt Crisis notes that 25 countries globally the majority of them already burdened by poverty and deprivation spent a higher proportion of total government expenditure…